Treasurer presents financial report showing $101.4 billion in assets

In the heart of Lexington, the Police and Fire Pension Board convened on July 9, 2025, to discuss crucial financial matters that impact the city's dedicated first responders. As the meeting commenced, the atmosphere was filled with a sense of responsibility and anticipation, particularly as the treasurer's report took center stage.

Dale, stepping in for the vacationing treasurer Chad, presented a detailed overview of the pension fund's financial health. The board members were provided with a packet containing various financial reports, including a summary of the investment portfolio and the change in net assets for April and May. The figures revealed a significant increase in the fund's value, now standing at an impressive $1,400,044,540.36, compared to the previous month's total of $994,916,116.45. This growth reflects the diligent management of the fund and the strategic decisions made by the board.

Dale emphasized the importance of these financial reports, noting that they are essential for ensuring the long-term sustainability of the pension plan for the city’s police and fire personnel. The absence of a transmittal letter this time was attributed to payroll accruals, a detail that highlighted the complexities involved in managing such a substantial fund.

As the meeting progressed, the board members recognized the significance of these financial updates, not just as numbers on a page, but as a lifeline for those who serve the community. The discussions underscored the board's commitment to safeguarding the financial future of its members, ensuring that those who protect and serve Lexington can do so with peace of mind regarding their retirement.

With the treasurer's report concluded, the board moved forward, ready to tackle the next agenda items, all while keeping the well-being of their city's heroes at the forefront of their discussions. The meeting served as a reminder of the ongoing efforts to support and sustain the vital services that the police and fire departments provide to the Lexington community.